YouTube is launching its 5th Annual DoGooder Non-Profit Video Awards with a brand new award aimed at spurring online participation. The competition is a collaboration between YouTube and See3 with participation from Flip and NTEN.

The Case Foundation will give out $10,000 grants to the video winners in four categories: Best Small Org Video, Best Medium Org Video, Best Large Org Video, and the newcomer — Best Thrifty Video. Winners will be featured on YouTube’s homepage (what YouTube calls “the nonprofit equivalent of an ad in the Super Bowl”), given Flip cameras and registered for the 2011 NTC.

Best Thrifty Video will award the non-profit that was able to create a video for less than $500. It’s meant to show that video can make an impact even without a ton of cash or flashy cameras. While all the submissions need to have been produced in 2010, Best Thrifty Video will accept any videos released up until the the official close of submission on March 2, 2011. This is being done to inspire shoestring non-profits to start making videos.